HOUSING AND ECONOMIC DATA

Actual unemployment rate for 2nd quarter of 2017 is at 4.4%. Forecast unemployment rate for 3rd quarter of 2017 will be 4.4% and 4.3% in the last quarter of 2017. Forecast unemployment rate for 1st quarter of 2018 will be 4.4% and will increase to 4.5% in the last quarter of 2018

Actual CPI for 2nd quarter of 2017 is at -0.3%. Forecast for 3rd quarter of 2017 is 2.1% and will be 2.2% in the last quarter of 2017. Forecast for 1st quarter of 2018 is 2.3% and will increase to 2.5% in the last quarter of 2018

Actual Real GDP is at 2.6% in 2nd quarter of 2017. Forecast for 3rd quarter of 2017 is 2.3% and will be 2.2% in the last quarter of 2017. Forecast for 1st quarter of 2018 is 2.1% and will increase to 2.2% in the last quarter of 2018

Housing Starts actual decreased to 1.16 Mn in 2nd quarter of 2017. Forecast for 3rd quarter of 2017 is 1.27 Mn going up to 1.30 Mn in last quarter of 2017. Forecast for 1st quarter of 2018 is 1.33 Mn going up to 1.38 Mn in last quarter of 2018

Total Home Sales Actual decreased to 6.16Mn in 2nd quarter 2017. Forecast for Total Home sales for 2017 is at 6.19 Mn in 3rd quarter of 2017. Total Home sales for 2018 is at 6.15 Mn in 1st quarter and up to 6.40 Mn in the last quarter

FMHPI house price appreciation actual is at 1.7% in 2nd quarter of 2017. House price appreciation forecast for 2017 is at 1.3% in the 3rd quarter of 2017. House price appreciation forecast for 2018 is at 1.3% in the 1st quarter and 1.1% in the last quarter

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Mortgage origination Conventional loans is at $1,344 Bn in 2015. Forecast for 1st quarter of 2016 is $295 Bn and will increase to $458 Bn in last quarter of 2016. Forecast for 1st quarter of 2017 is $290 Bn and will increase to $321 Bn in last quarter of 2017. Forecast for 1st quarter of 2018 is $252Bn and will increase to $316 Bn in last quarter of 2018

Mortgage origination for FHA and VA increased to $113 Bn in 2nd quarter of 2017 compared to $107 Bn in the 1st quarter of 2017. Forecast for 3rd quarter of 2017 will be $112 Bn and forecast for last quarter of 2017 will be $92 Bn. Forecast for 1st quarter of 2018 will be $72 Bn and last quarter of 2018 will be $86 Bn

Mortgage origination Total increased to $1,750 Bn in 2015. Forecast for 1st quarter of 2016 is $390 Bn and upto $590 Bn in the last quarter. Forecase for 1st quarter of 2017 is $397 Bn and $413 Bn in the last quarter of 2017. Forecast for 1st quarter of 2018 will be $324 Bn and last quarter of 2018 will be $402 Bn